1
2
0
20
40
60
80
100
120
140
160
180
Jun
-04
Jun
-05
Jun
-06
Jun
-07
Jun
-08
Jun
-09
Jun
-10
Jun
-11
Jun
-12
Jun
-13
Jun
-14
Jun
-15
Jun
-16
Jun
-17
Jun
-18
NA
V [
RS.
]
Reliance Pharma Fund: NAV Movement
3
Earnings Recovery
Domestic Growth Opportunity
US Business Revival
Focus on Healthcare & Insurance
Investing for Future
Attractive Valuations
4
•
•
•
•
5
•
•
•
•
•
•
•
•
6
•
•
7
Note: Expenditure excludes investments, unless otherwise stated.1.Australian expenditure estimates exclude all expenditure for residential aged care facilities in welfare (social) services.2.Includes investments.
•
•
•
8
8
9
10
11
12
13
14
15
May
-16
Jun
-16
Jul-
16
Au
g-1
6
Sep
-16
Oct
-16
No
v-1
6
Dec
-16
Jan
-17
Feb
-17
Mar
-17
Ap
r-1
7
May
-17
Jun
-17
Jul-
17
Au
g-1
7
Sep
-17
Oct
-17
No
v-1
7
Dec
-17
Jan
-18
Feb
-18
Mar
-18
Ap
r-1
8
May
-18
Jun
-18
Reb
ased
Val
ues
Divergent Performance
S&P BSE HC S&P BSE Sensex
•
•
•
•
9
PE
•
•
•
10
•
•
•
•
•
•
•
•
•
•
•
11
Source: RMF Research, Bloomberg 11
12
12
•
•
•
•
•
•
•
13
Domestic & International
Branded & Generics
Healthcare Services
CRAMs (Contract Research &
Manufacturing)
13
14
(Source: MFI Explorer)
14
57% 57%
61%
46%
56%
40%43%
34%
41%
32%
3%1%
5%
13%10%
0%
10%
20%
30%
40%
50%
60%
70%
Dec-14 Dec-15 Dec-16 Dec-17 Jun-18
Reliance Pharma Fund - MCAP Allocation
Large Cap Mid Cap Small Cap
•
•
•
•
•
•
•
•
15
15
16
17
17
•
•
18
19
19
Reliance Consumption Fund -2.87 17.02 7.56 13.73 12.03 17.51
Reliance Multi Cap Fund 4.60 11.57 6.17 11.45 16.84 16.71
Reliance Large Cap Fund 7.33 12.98 9.61 10.58 18.62 15.19
20
21
•
•
22
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